"Finally Real Madrid caved in and said 'Okay, if anybody comes with a bid of 100m euros (£88m) then okay we will let you go'. That is where we stand.

"Juventus have told [Jorge] Mendes and Ronaldo that they will submit that offer at some point and that they will pay him 30m (£26.5m) euros net and are more than happy to give him a four-year contract.

"That is what Ronaldo wants. Now this is the new thing in this situation that has been repeated in the last three summers - Real Madrid are very much open for that to happen."

Another meeting between Juventus, Madrid and Ronaldo's agent Jorge Mendes was also reportedly held on Thursday.

Ronaldo has spent nine years in Real Madrid after a spell at English Premier League club, Manchester United.

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